International Tower Hill Mines (NYSEAMERICAN:THM) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a research note released on Tuesday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Performance

Shares of International Tower Hill Mines stock opened at $0.46 on Tuesday. The company has a market cap of $92.04 million, a P/E ratio of -23.05 and a beta of 1.19. International Tower Hill Mines has a 1 year low of $0.31 and a 1 year high of $0.80.

Institutional Investors Weigh In On International Tower Hill Mines

Several hedge funds have recently added to or reduced their stakes in THM. Atria Wealth Solutions Inc. lifted its position in shares of International Tower Hill Mines by 54.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock worth $30,000 after purchasing an additional 18,000 shares during the period. Russell Investments Group Ltd. lifted its position in shares of International Tower Hill Mines by 1.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,878,009 shares of the mining company’s stock worth $1,984,000 after purchasing an additional 28,358 shares during the period. Finally, Herr Investment Group LLC acquired a new position in shares of International Tower Hill Mines in the 1st quarter worth approximately $1,416,000. 54.63% of the stock is currently owned by institutional investors and hedge funds.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.